By Sarah Lizee
Olympia, Wash., April 24 – Citigroup Global Markets Holdings Inc. priced $915,000 of 0% buffered autocallable notes due April 25, 2025 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes will be called at par plus an annualized premium of 5.5% if the index closes at or above its initial level on any annual call valuation date after one year.
If the index finishes at or above its initial level, the payout at maturity will be par plus 33%. If the index falls by up to 15%. Investors will be exposed to losses beyond 15%.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Buffered autocallable notes
|
| Underlying index: | S&P 500
|
| Amount: | $915,000
|
| Maturity: | April 25, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Call: | At par plus 5.5% per year if index closes at or above initial level on any annual call valuation date
|
| Payout at maturity: | If index gains, par plus 33%; if index falls by up to 15%, par; otherwise, 1% loss per 1% decline beyond 15%
|
| Initial level: | 2,905.03
|
| Pricing date: | April 22
|
| Settlement date: | April 25
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 2.4%
|
| Cusip: | 17326YAM8
|
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